People's Pilot, Volume 4, Number 10, Rensselaer, Jasper County, 24 August 1894 — DISTILLERS ACTIVE. [ARTICLE]

DISTILLERS ACTIVE.

Much Whisky Being Taken Out of BondRevenue Increase Expeeted. Philadelphia, Aug. 15.—There was great activity in the United States internal revenue office here Tuesday follqwing the final passage of the tariff bill. Distillers are anxious to get their whisky out of bond at the present revenue rate of 90 cents, and the receipts were phenomenally large. There are in bond in this district 87,917 packages of whisky, containing 1,017,541 gallons. The largest distiller in the district has already withdrawn all his whisky. With importers of merchandise the situation is different. It is to their advantage to leave goods in the bonded warehouse until the law goes into effect, when the duties will be reduced. Imports aggregating in value nearly §2,000,000, the largest ever bonded here at one time, are now in the warehouse. The owners will take advantage of the reduction in the new law. V ashixgton, Aug. 15. —Treasury officials anticipate a very great increase in the receipts from internal revenue sources within the next ten days in case the president allows the tariff bill to become a law by withholding his signature. During the next ten days the internal revenue receipts are expected to reach §1,500,000 a day. Pittsburgh, Pa., Aug. 15.—The passave of the tariff bill has already made, itself felt in this district by a marked revival of business. Stocks in all lines of manufactures had been reduced to a minimum, especially in iron, steel and glass. Tuesday several large orders were received by local manufacturers and many more are expected. In some lines of business the demand began as soon as the passage of the tariff bill was assured, and the telegraph wires were kept busy Monday night with orders for goods. It is asserted that a slight reduction in wages will be necessary in the case of glass-workers, tin-plate men and the workmen in some branches of the iron and steel trade, but this has been conceded, the scales generally allowing for reductions to fit tariff changes. The dispute will be over the size of the cuts. Chicago, Aug. 15.—A few instances of immediate improvement in local business as a result <ff the late tari ff enactment were found Tuesday. Business men generally were much gratified that the end of the lingering battle had been announced, and opinion prevailed that speedy recovery of business would result.